Ann: BML Granted Three New Prospecting Licences-BML.AX, page-16

Bml has revealed that joint venture partner, BCL Limited, has intersected shallow disseminated sulphide mineralisation in the first hole of a regional drilling program on PL54, known as Takane.

Four holes will be drilled at Takane.

The area is around 10 kilometres from Maibele North project, which already hosts a JORC Resource of 2.38 million tonnes at 0.72% nickel, 0.21% copper and 0.63g/t of PGE, plus gold. The resource is expected to grow in the near-term.

Maibele North is also a joint venture with BCL.

Any discovery from the new drilling would transform the Magogophate Shear Zone into a new mineralised province in Eastern Botswana.


Pat Volpe, chairman, commented:

“This is very encouraging and if the sulphides are mineralised will confirm the board’s view that this area has the potential to host several new discoveries and be declared a new mineralised province in the eastern province of Botswana.”

The core is yet to be assayed to determine if the sulphides are carrying nickel mineralisation.


Sounds great to me fly boy